Market Overview

Equity Brief: Upgrades and Downgrades for September 6th: PAY, PBY, SIGM, STI, STX, SWK, TCAP, TINY, TMH, WCRX


A number of stocks were upgraded and downgraded by equities research analysts today, as reported by Analyst Ratings Network (http://bit.ly/arndailyr) and Equity Brief:

Compass Point  lowered its price target on shares of Verifone (NYSE: PAY) from $38.00 to $33.00. They have a neutral rating on the stock.

Benchmark Co.  raised its price target on shares of Pep Boys (NYSE: PBY) from $9.00 to $10.00. They have a hold rating on the stock.

BWS Financial  downgraded shares of Sigma Designs Inc. (NASDAQ: SIGM) from a buy rating to a hold rating. Their analysts now have a $6.00 price target on the stock, down previously from $9.00.

JPMorgan Chase  upgraded shares of SunTrust (NYSE: STI) from a neutral rating to an overweight rating. JPMorgan Chase now has a $31.50 price target on the stock, up previously from $29.00.

Needham & Company  downgraded shares of Seagate (NYSE: STX) from a strong-buy rating to a hold rating.

Morgan Stanley  upgraded shares of Stanley Black & Decker Inc (NYSE: SWK) from an equal weight rating to an overweight rating. Morgan Stanley now has a $76.00 price target on the stock.

Janney Montgomery Scott  downgraded shares of Triangle Capital Cor (NASDAQ: TCAP) from a buy rating to a neutral rating.

Ascendiant Capital Markets  initiated coverage on shares of Harris & Harris Group Incorporated (NASDAQ: TINY). They issued a positive rating on the stock and set a $4.50 price target.

Wells Fargo & Co.  initiated coverage on shares of Team Health Holdings (NYSE: TMH). They issued a market perform rating on the stock.

Cantor Fitzgerald  lowered its price target on shares of Warner Chilcott (NASDAQ: WCRX) from $22.00 to $14.00. They have a hold rating on the stock.

Needham & Company  lowered its price target on shares of Western Digital (NYSE: WDC) from $61.00 to $53.00. They have a strong-buy rating on the stock.

Macquarie  downgraded shares of Westlake Chemical Corp (NYSE: WLK) from an outperform rating to a neutral rating.

Davenport  downgraded shares of Walter Energy (NYSE: WLT) from a buy rating to a neutral rating. Their analysts now have a $44.00 price target on the stock, down previously from $60.00.

Janney Montgomery Scott  upgraded shares of Wright Express Co. (NYSE: WXS) from a neutral rating to a buy rating.

HSBC  upgraded shares of Yara International ASA (NASDAQ: YARIY) from a neutral rating to an overweight rating.

Stay on top of analysts' coverage with Analyst Ratings Network's free daily email newsletter that provides a concise list of analysts' upgrades, downgrades and initiations. Register at http://bit.ly/arndailyr

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Source: Equity Brief via Thomson Reuters ONE

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